The 70 Richest Members Of China's 'Congress' Are Worth $90 Billion

The net worth of 70 richest members of China's National People's
Congress rose to $89.8 billion last year, representing a gain of
$11.5 billion from 2010,
according to Bloomberg.

This is more than the $7.5 billion net worth of all 660 top
officials in the three branches of the U.S. government.

The 60 people that represent the richest 2 percent of the
NPC had an average wealth of $1.44 billion per person,
compared with the 11 members that represent the richest 2 percent
of Congress that had an average wealth of $323 million per
person.

These numbers also throw a garish light on China's vast wealth
inequality, where per capita income in 2010 was $2,425, compared
with $37,527 in the U.S.

The three richest members according to the Bloomberg
report are Zong
Qinghou, chairman of Hangzhou Wahaha Group, with a family fortune
of 68 billion yuan. Wu Yajun, chairwoman of Beijing-based Longfor
Properties Co. with family wealth of 42 billion yuan. And Lu
Guanqui, an auto-parts magnate.

The data was derived from the Hurun report, and excludes the
wealth details of China’s top political leaders, including
President Hu
Jintao and Wen Jiabao, and their families.